Hong Kong – Funds of funds globally increased their total value of assets under management (AUM) to a record high of at least $53.2 billion at the end of 2020, marking the third consecutive year of growth, according to the ANREV / INREV /NCREIF Fund Manager Survey 2021.
The Fund of Funds Study 2021, jointly published by INREV and ANREV, shows a consistently dominant appetite for large, core-style funds of funds with global strategies, in particular.
Both studies highlight investor interest in funds of funds that offer the benefits of scale, and sector and geographic diversification across a wide array of nonlisted estate investment strategies, and that follow a core strategy. The combined data reflect the continuing trend toward investor consolidation, as well as greater focus on strategic reviews — factors that are likely to drive demand for funds of funds targeting global strategies.
Global strategies dominate
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